The BSE stands for ‘Bombay Stock Exchange. Established in 1875, BSE is the first and one of the major stock marketplaces in India’s. The NSE is brief for National Stock Exchange.
BSE – Major Stock Market in India
Established in 1972 somewhat later than BSE, the stock exchange is identical to BSE. While BSE is older, NSE is higher with more everyday business and more sales.
The Sensex is a free-floating stock market index of 30 well-established firms that are financially healthy and listed in BSE and has been in operation since 1875.
In addition to the popular Sensex, BSE employs additional stock indexes.
BSE 100 and BSE 500 are the indicators. Sensex is the pulse of the domestic stock exchanges in India and was listed on 1 January 1986. On 1 April 1979, the base value of the Sensex and its base year 1978-79 is taken as 100.
Sensex is a weighted index of market capitalization. The overall market value of all 30 stocks in various industries is reflected. The total value for the market is calculated by multiplying the stock price by the number of outstanding shares.
The Sensex daily computation should be done by dividing an index number known as the index divider of the total market value of the 30 businesses. The splitter covers the original Sensex base period.
SEBI CEO Ajay Tyagi made his opinion on retail investors’ interest in the Indian securities market implying that it has grown dramatically to average 2.45 million Demat monthly accounts during April-June.
The cumulative total Demat Accounts rose to 55 million, from 41 million at the start of FY21 to 34.7% at the conclusion ofFY21.
In the year from 2019-20, capital-acquisition cash market sales grew by 70.2 per cent from Rs 96.6 lakh crore to Rs 164.4 lakh crore in 2020-21. Furthermore, the share of people in sales rose by around 5 percentage points to 51.4%
The major reasons behind these were the existing low-interest rates and the easy availability of money are key reasons for India’s growing investment interest.
While the convenience of stock market trading on new technological platforms, including mobile phone applications, has also led investors to the stock market, the absence of adequate real estate and debt instruments returns also added to their numbers.
Here is a Timeline of Sensex:
|Here is the Sensex journey starting from level 1,000 to 60,000.|
|26th November 2019||41,000|
|16th January 2020||42,000|
|10th November 2020||43,000|
|18th November 2020||44,000|
|4th December 2020||45,000|
|9th December 2020||46,000|
|18th December 2020||47,000|
|4th January 2021||48,000|
|11th January 2021||49,000|
|21st January 2021||50,000|
|8th February 2021||51,000|
|15th February 2021||52,000|
|23rd June 2021||53,000|
|4th August 2021||54,000|
|13th August 2021||55,000|
|24th August 2021,||56,000|
|31st August 2021||57,000|
|3rd September 2021||58,000|
|16th September 2021||59,000|
|24th September 2021||60,000|